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Strong US annuity sales has led to increased formations of sidecars by life insurance companies to manage the growth and maintain risk-based capitalisation levels.
The deal covers a €2bn block of in-force individual annuity life policies.
The transaction secures the benefits of all eight deferred members and eight pensioner members, completing the buy-in of all scheme liabilities.
The deal insures the benefits of 181 Scheme members, comprising 70 deferred members and 111 pensioners.
The £120m agreement insures Lufthansa Group’s three UK defined benefit pension schemes in one integrated transaction.
The transaction secures the benefits of all 154 members, comprising 37 pensioners and 117 deferred members.
More than 15,000 customers were active in one quarter for the first time in over a year, according to industry group the Equity Release Council.
£1.4bn buy-in secures the benefits of 4,900 retirees and 5,600 deferred members.
Taking place on Tuesday, 20th May, 2025 in London’s Canary Wharf district, the Life ILS Conference 2025 will be the event’s sixth edition.
The insurance market has responded to meet the growing demand for de-risking solutions for defined benefit pension funds with both innovation and new participants – and further developments are anticipated.